New interpretations issued in response to council action on IASB.
In response to the AICPA governing Council's recent vote to designate the International Accounting Standards Board as an international accounting standard setter for purposes of establishing international financial accounting and reporting principles, new and revised Compilation and Review Interpretations of Statement on Standards for Accounting and Review Services No. 1, Compilation and Review of Financial Statements, as well as new and revised Auditing Interpretations of Statements on Auditing Standards No. 51, Reporting on Financial Statements Prepared for Use in Other Countries, and No. 58, Reports on Audited Financial Statements, have been issued.
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